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Jul 31, 2022
Crowdstrike Q2 2023 Earnings Report
Crowdstrike's Q2 2023 earnings showcased strong growth with key milestones achieved.
Key Takeaways
CrowdStrike delivered a strong second quarter, surpassing the $2 billion milestone in ending ARR, achieving a record net new ARR of $218 million, and adding a record 1,741 net new subscription customers.
Ending ARR grew 59% year-over-year to reach $2.14 billion.
Net new ARR reached a record $218 million with accelerating year-over-year growth.
Record 1,741 net new subscription customers were added.
Cash flow from operations grew 94% year-over-year, and free cash flow grew 84% year-over-year.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
CrowdStrike is providing the following guidance for the third quarter of fiscal 2023 (ending October 31, 2022) and increasing its guidance for fiscal year 2023 (ending January 31, 2023):
Positive Outlook
- Total revenue for Q3 FY23 is expected to be between $569.1 million and $575.9 million.
- Total revenue for FY23 is expected to be between $2,223.0 million and $2,232.0 million.
- Non-GAAP income from operations for Q3 FY23 is expected to be between $72.7 million and $77.7 million.
- Non-GAAP income from operations for FY23 is expected to be between $321.8 million and $328.5 million.
- Non-GAAP net income for Q3 FY23 is expected to be between $73.0 million and $78.0 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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